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Property profile & analytics
OFF-MARKET
Estimated value
$3,505,000
Warehouses
5621 8th St, Margate, FL 33063-4505
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-1152004
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
CONCRETE
Total area
2,518 SF
Lot
0.15 ac (6,749 SF)
Zoning code
TOC-CC
APN
48-41-36-06-0260
UPID
US18-1152004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.51M
Owner & transaction history
Margate Bays LLC
Margate Bays LLC
since 2026
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
TOC-CC · Margate, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Margate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Margate submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,365,000
ML approach
$3,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±10% · vs last sale $3.60M (Jan 3 2022)
Last sale anchor
$3.60M
Jan 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,392 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,687
Tax year 2023
Assessed value
$376,800
Assessed 2023
Previous assessed
$373,920
+0.8% YoY
Effective rate
2.04%
On assessed value
Assessed land
$47,240
Assessed improvement
$329,560
Land market value
$47,240
Improvement market value
$329,560
Total market value
$376,800
Applied tax rate
1,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
2,518 SF
Lot
0.15 ac (6,749 SF)
Zoning code
TOC-CC
APN
48-41-36-06-0260
UPID
US18-1152004
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TOC-CC · Margate, FL
Zoning TOC-CC · permitted uses
TOC-CC · Margate, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Margate. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Margate Bays LLC
Entity
Mailing address
134 S DIXIE HWY STE #202, HALLANDALE BEACH, FL 33009-5423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
$6,200,000
Margate Bays LLC
Last Mile Marworth Bh LLC
Special Warranty Deed
$4,440,000 · Us Century Bank
Jan 3, 2022
$3,596,000
Last Mile Marworth Bh LLC
Sandra F Tye
Warranty Deed
$6,110,000 · Us Century Bank
Mar 9, 2018
$2,400,000
Tye,sandra F Trust
Stuart Petro Holdings LLC
Grant Deed
—
Feb 17, 2017
$275,000
Stuart Petro Holdings LLC
Mendoza,peter L
Warranty Deed
related
$209,575 · Community Cu/fl
Sep 27, 1999
$80,842
Peter S Latchman
Berman,george G & Sara M
Grant Deed
$58,590 · Bank Of America
—
—
Peter Latchman
—
Deed Of Trust
related
$90,000 · Southtrust Bank NA
—
—
Peter S Latchman
—
Deed Of Trust
related
$70,000 · Bankunited Fsb
—
—
Peter S Latchman
—
Deed Of Trust
related
$55,000 · Bankunited Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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